Digital Financial News

Mint had reached out to Buch on the sidelines of an event seeking clarification on how the regulator will identify an investment educator from an influencer. The Sebi move aimed to ensure market integrity by entrusting regulated entities to ensure that people associated with them do not indulge in prohibited activities.

The European Union says it’s adding the porn site XXNX to its list of online services facing the strictest level of scrutiny under the bloc’s digital regulations, including measures requiring users to verify their ages

Aveek Mitra, Aveksat Financial Advisory, says they are spreading bets a little thinner so that they can get into ideas beaten down stocks and also into areas with some momentum. So they mix and match things. They are not sitting on too much cash, maybe about 5% to 6% cash and at the same time do not have that kind of conviction that they will bet big on some ideas. Correction can always be there. The investor community is waiting for a correction and the markets are waiting for market man's patience to go dry. Who will win? The patience of the investors or will the market win, Mr Market? Aveek Mitra: First of all, the patience of the investor is not there because, on any kind of small fall, people are putting in more money than they were doing yesterday. Every month, the flow goes up. So. how can you say that investor patience is not there?

Born from an endeavor to defy convention, Avión Lucky Liquid embodies a story of serendipity. This limited-edition release of just 100 bottles is the pioneering product of nine years’ aging for extra añejo tequila in one single oak cask that previously matured Mexican Cabernet Sauvignon. Left forgotten in the cellars until it was fortunately rediscovered, the result is an expression with unparalleled depth and character which takes its name from having beaten all odds – clearly prevailing as an exquisite 100% agave tequila despite the nature of its production.

staffing industry and human resources (HR) industry is anticipating significant tax breaks and increased investment in skill development from the upcoming budget for FY25, which union finance minister Nirmala Sitharaman is expected to present on July 22, 2024. Currently, the Goods and Services Tax (GST) on employment services in India stands at 18%, applicable to a broad range of services, including executive search and recruitment services, permanent placement services, and contract staffing services. According to Suchita Dutta, executive director at the Indian Staffing Federation (ISF), employment-related services should be considered under ‘merit services’ with a 5% GST.

Also read: Ministry of I&B tweaks self-declaration rules for advertisers This is evident from a 12-month survey conducted by McAfee, in which 75% of Indians responded that they encountered some form of deepfake content, with 38% saying they had fallen victim to deepfake scams and 18% directly affected by such fraudulent schemes. Alarmingly, among those targeted, 57% mistook celebrity deepfakes for genuine content.

ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank and Karnataka Bank, alongside fintech firms like Fibe, in the coming months, said people familiar with the matter. Through this integration, participating banks will offer unsecured personal loans and goods and services tax-based invoice loans, targeting small merchants and retailers in financially underserved regions across the country, they said.

income tax return (ITR) within 30 days of filing it, or all the time and resources you invested in filing it will be wasted. Verification of the ITR is the last step of the tax return filing process and is a mandatory requirement for processing of the filed ITR. The filed ITR will not even be considered for processing by the tax department unless you verify it using the prescribed methods. «If you do not verify in time, your return is treated as not filed and it will attract all the consequences of not filing ITR under the Income Tax Act, 1961,» said the tax department on its website. Needless to say, if your filed ITR is not processed, you will not get income tax refund (if any) and it will be assumed that you have not filed your ITR. The deadline to file ITR for those not liable for an income tax audit is July 31, 2024, for FY 2023-24 (AY 2024-25).

Maruti Suzuki, Apollo Tyres, Godrej & Boyce and Saint-Gobain are going the whole hog in adopting artificial intelligence (AI) in their day-to-day operations. AI has not only helped these companies reduce costs but also increase efficiencies and reduce workplace incidents.

MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May. Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet during the two months. The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.

Indian tourists and Non-Resident Indians (NRIs) visiting the UAE, providing them with a seamless and secure method to make transactions using UPI, as announced by NPCI International. Network International is a leading facilitator of digital commerce across the Middle East and Africa (MEA) region. The company operates a network of over 200,000 point-of-sale (POS) terminals, which serve more than 60,000 merchants in diverse sectors such as retail, hospitality, transport, and supermarkets. This wide-ranging network will now support UPI payments, offering Indian visitors a familiar and convenient payment method while abroad. The rollout of UPI acceptance will be progressive, eventually covering a broad spectrum of establishments. These will include retail stores, dining outlets, and various tourist and leisure attractions, notably popular destinations like Dubai Mall and Mall of the Emirates. This phased implementation aims to ensure a smooth transition and widespread availability of UPI payment options across the UAE.

₹4,000 crore or global sales of $30 billion or gross merchandise value of ₹16,000 crore or global market capitalization or fair value of $75 billion and also meet the criterion of 10 million end users or 10,000 business users will be designated as SSDE. In addition, any enterprise which does not meet these criteria but has significant presence in the market for specified services including internet search, advertising services and operating system, in CCI’s view, will get the tag of an SSDE.

fair value of a stock, many believe that price history should be given the highest importance. This view operates on the premise that whatever you know is already known to the market and has been factored into the price. However, it would be incorrect to assume that the price correctly reflects every development in a company.

Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in the «altered or synthetic content» section of their campaign settings.

Viacom18 has made three key appointments to its technology leadership team as it looks to scale up its OTT platform, JioCinema. The company has appointed Bharath Ram as Chief Product Officer and Ad Tech Platform Lead. He will be reporting to Kiran Mani, CEO, Digital, Viacom 18. He joins Viacom18 from Flipkart, where he led Product and Engineering functions for key charters including user growth, retention, new product innovation, and new categories.

ASM Technologies during the June quarter. Agrawal didn't have any holding in the company in the preceding March quarter. According to the latest shareholding pattern available with the exchanges, ASM Tech is majority owned by promoters with 47.36% stake while the public shareholders have about 42.64%. Among the public shareholders, mutual funds and foreign portfolio investors have no significant holding in the company.

Venture capitalists are showing continued interest in the crypto sector, defying the market lull, according to a recent report published by Galaxy Digital.

«These were the valuations at which this company was trading and you could have hit a dart and picked a stock in this space and it would be trading at 2-3 times, 4 times price to earnings,» says Anshul Saigal, Founder, Saigal Capital. Is the Street making too much of the earnings from TCS or do you think this was long overdue? Anshul Saigal: So, as regards the IT space in general and TCS numbers, clearly the numbers are a slight beat over street expectations. Since 2021 December, this sector has consolidated by and large, particularly for the largecaps. Even for this frontline name, if you look at the stock price, you will notice that it is about the same level that it was at till about two-and-a-half years back.

The U.S. Marshals Service, which is part of the Department of Justice, has selected Coinbase Prime to handle custody and advanced trading services for large-capitalization digital assets that have been forfeited to law enforcement, according to a Coinbase blog post Monday.

SpacePay has introduced improved crypto solutions that make using digital currencies for everyday transactions easy.

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